Vietnam: Hoa Phat lifts its monthly HRC offer by around $120/t

Hoa Phat, Vietnam’s second-largest steel producer has announced a steep hike in list prices of HRC by around $120/t over bullish sentiments in the global market,

• Revised price for HRC (SAE 1006) stands at $1,018-1,022/t CIF basis for Jul-early Aug ’21 deliveries,
• Last offer was in the range of $895-900/t CIF basis for June delivery,
• Hoa Phat’s HRC sale in April stood at around 2,12,000 t.